On Monday, Kanzhun ADR hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an improvement to 82, up from 66 the day before.
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IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
Kanzhun ADR is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new price move.
Earnings growth increased last quarter from 5% to 10%, but the top line fell from 24% to 12%. The next quarterly results are expected on or around May 21.
The company holds the No. 5 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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